Moderna, Inc. Common Stock (MRNA) — Stock Correlations & Overview
Over the past year, MRNA has moved most closely with MRNY, IDNA, LGHT. Explore the stocks most correlated and inversely correlated with MRNA below, along with its price, financials, and company profile.
Stocks correlated with MRNA
Correlation of daily returns. Higher positive values move with MRNA; negative values move opposite it. Informational only, not investment advice.
Most correlated with MRNA
| Symbol | Company | Correlation |
|---|---|---|
| MRNY | YieldMax MRNA Option Income Strategy ETF | 0.99 |
| IDNA | iShares Genomics Immunology and Healthcare ETF | 0.71 |
| LGHT | Langar Global HealthTech ETF | 0.70 |
| GNOM | Global X Genomics & Biotechnology ETF | 0.69 |
| WDNA | WisdomTree BioRevolution Fund | 0.68 |
Most inversely correlated with MRNA
| Symbol | Company | Correlation |
|---|---|---|
| BIS | ProShares UltraShort NASDAQ Biotechnology | -0.58 |
| LABD | Direxion Daily S&P Biotech Bear 3X ETF | -0.51 |
| RXD | ProShares UltraShort Health Care | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.35 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
Frequently asked questions about MRNA correlations
- Which stocks are most correlated with MRNA?
- Based on one year of daily returns, the stocks most correlated with Moderna, Inc. Common Stock (MRNA) are MRNY (0.99), IDNA (0.71) and LGHT (0.70). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MRNA?
- Over the past year, the stocks most inversely correlated with Moderna, Inc. Common Stock (MRNA) are BIS (-0.58), LABD (-0.51) and RXD (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MRNA correlations calculated?
- We compute the correlation of daily returns between MRNA and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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